Kerala is courting investments and setting the stage for major discussions with domestic giants like Mahindra and international firms ahead of its Global Investors Meet.
Kerala is actively seeking investments in the electric vehicle (EV) manufacturing sector from both domestic and international stakeholders, with an aim to transform its capital city, Thiruvananthapuram, into a central hub for automotive technology.
Kerala’s Industries Minister, P Rajeeve, emphasized the state’s dominance in electric vehicle (EV) sector sales, highlighting its robust ecosystem and efficient e-charging infrastructure. Rajeeve noted that discussions are underway with several companies about setting up their manufacturing units in the state. He mentioned that representatives from Mahindra are expected next week for talks, and visits from other international companies are also anticipated. These comments were made in Chennai during a roadshow, which forms a part of the promotional efforts for Kerala’s Global Investors Meet, set to take place in February of the following year.
While acknowledging that setting up large automobile manufacturing facilities might be challenging in Kerala, the Minister affirmed the state’s commitment to bolstering its capabilities in automotive technology support and development.
Mahindra and Mahindra (M&M), India’s fourth-largest automaker, is also currently in negotiations with the Kerala government to establish an electric vehicle (EV) manufacturing unit in the southern state, which is recognized for its significant EV penetration. If these discussions prove successful, it could greatly enhance the state’s industrial sector, providing a substantial boost just before its Global Investment Meet (GIM) scheduled for February next year.
